Russian discount retailer preps for $1bn-plus IPO

By Sam Kerr
15 Feb 2021

Fix Price, the Russian owner of discount variety stores, filed initial paperwork for listings in London and Moscow on Monday. The company gives investors a very different sort of offering than recent European tech listings but is still providing buyers with huge growth metrics.

It will seek a standard listing on the London Stock Exchange and a listing on the Moscow Stock Exchange. The offering will take the form of global depositary receipts and will consist entirely of existing shares sold by shareholders.

The two largest sellers are Luncor Overseas SA, an ...

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